21 June 2017 Home Sales set for new Cycle Highs, but not in May

Ian Shepherdson (Chief Economist and Founder)20th Jun 2017 10:39U.S., Economic Monitor

Over the past couple of weeks, the number of applications for new mortgages to finance house purchase have reached their highest level since late 2010, when activity was boosted by the impending expiration of a time-limited tax credit for homebuyers.

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mortgage mortgage applications home sales sales sales index chainstore sales sales growth retail sales retail tax credit homebuyers mortgage rates interest rates inventory mortgage rates payroll payroll growth jobless claims mortgages tax tax refunds home sales existing home sales

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